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Jan 30, 2013
01/13
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economy. on the jobs front, a strong payrolls report showed private employers added 192,000 jobs in january, much more than economiste eecxpd. but the commerce department said economic growth, contracted in the last three months of 2012. the g.d.p. shrank by 0.1% the first time that's happened since the financial crisis began. the fed said in its policy tatement today that it continues to see "downside risks" to the economy. unemployment is still "elevated". but household and business spending advanced. >> susie: darren gersh begins our coverage with that weak reading on the economy. >> reporter: last quarter, defense spending fell off the fiscal cliff. as lawmakers bickered, manufacturers who make things for the pentagon cut back production sharply-- defense spending fell 22% in the latest g.d.p. report, tipping the economy into the red. >> certainly manufacturers are pulling back and i think this is a bit of a wake up call that these cuts are real and that they have real effects on the econo
economy. on the jobs front, a strong payrolls report showed private employers added 192,000 jobs in january, much more than economiste eecxpd. but the commerce department said economic growth, contracted in the last three months of 2012. the g.d.p. shrank by 0.1% the first time that's happened since the financial crisis began. the fed said in its policy tatement today that it continues to see "downside risks" to the economy. unemployment is still "elevated". but household...
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Mar 28, 2012
03/12
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you see, it is the economy, the economy, and the economy that's it in that order. >> rose: is healthcare a huge negative for the president? >> i don't know the answer to that. it is a huge negative among many voters whoç hate to see the continued expansion. >> rose: of government. >> of the federal government. >> rose: even though they love their medicare. >> they love it. >> rose: they love their medicare. >> they love it but -- well that isç fine, but obama care is moe than medicare, it has taken over more and more aspects of our national life, and people don't really like that. at least they don't on my side of the aisle. >> rose: why can't -- and do you have a sense that it will change, mitt romney connect with people more than he can? >> well, they used to say that about george h.w. bush and guess what? he was elected president. >> rose: yes. >> and they used to say, they have said it about other candidates. i mean,. >> rose: and it all depends. >> will this election, many, let me say the following two things, one, if it is a referendum on the president his road is tougher than
you see, it is the economy, the economy, and the economy that's it in that order. >> rose: is healthcare a huge negative for the president? >> i don't know the answer to that. it is a huge negative among many voters whoç hate to see the continued expansion. >> rose: of government. >> of the federal government. >> rose: even though they love their medicare. >> they love it. >> rose: they love their medicare. >> they love it but -- well that isç...
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Jul 24, 2012
07/12
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economy is more influenced by expectations of what happens in europe and the global economy or expectations of what could go wrong in dealing with the fiscal cliff? what is driving the confidence factor in the american economy? >> i think there are two clouds over us, one is the impact of europe on growth here and around the world and concerns about how they manage this crisis and the second is a broader concern about whether the political institutions of the country are going to find a way to move again, to govern again, become unstuck and do some things that are good for the economy in the short run and long run. i think this concern about washington being stuck got much more scary last summer when we had this crisis over the debt limit because, you know, you had a large part of one party threatening to default, first time in history, deeply irresponsible, unacceptable, it caused a huge amount of damage to confidence and one of the reasons people look at the end of this year and the expiring tax cuts and the automatic spending cuts they look at that with more concern is not because they l
economy is more influenced by expectations of what happens in europe and the global economy or expectations of what could go wrong in dealing with the fiscal cliff? what is driving the confidence factor in the american economy? >> i think there are two clouds over us, one is the impact of europe on growth here and around the world and concerns about how they manage this crisis and the second is a broader concern about whether the political institutions of the country are going to find a...
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Sep 29, 2011
09/11
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>> about china's economy? i think inflation is still very, you know -- >> charlie: and the threat of inflation is felt most in food? >> yes, the food because at the moment because the basket for that index but ihink also the housing rent should have a share that's also very high. >> charlie: just to make sure i derstood you you think that the real estate bubble in your judgment will not burst. >> if we doing thingsike sof lending and -- >> charlie: and how will you achieve that? >> we cannot give measures to quickly, to heavily so we allow the growth rate to become lower and lower sometimes. >> charlie: whatdo y feel will happen in europe and if there's a contagion will it are have a huge impact in the global economy. >> i think european's problem is very limited. there are several small countries have a worse spending -- >> charlie: greece and italy and portugal. >> yeah. all the european countries reach agreements of common sense to deal with that to fix that. i think it's very easy to solve. in greece you h
>> about china's economy? i think inflation is still very, you know -- >> charlie: and the threat of inflation is felt most in food? >> yes, the food because at the moment because the basket for that index but ihink also the housing rent should have a share that's also very high. >> charlie: just to make sure i derstood you you think that the real estate bubble in your judgment will not burst. >> if we doing thingsike sof lending and -- >> charlie: and how...
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Apr 13, 2012
04/12
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economy is doing. >> it should come as no surprise that the u.s. economy is still on shaky ground. yes, things seem to be improving, but not fast enough. >> reporter: for every three steps forward, there seems to be one step back. it's rare to have a consensus about the economic outlook. but surprisingly, most major wall street firms seem to agree that the u.s. economy is growing in fits and starts. >> you'd like to see a little bit more momentum in activity but it's an economy that's showed remarkable resiliency. breakout growth still remains very out of reach. >> growth is moving on at a modest pace or moderate pace but it doesn't look like its going to be accelerating into a stronger range. >> reporter: 2012 began on a generally positive note. consumers were more comfortable spending and businesses had finally started hiring, but a few weeks ago, the issues that weighed on the economy last year resurfaced: recession in europe, slowing growth in china, higher energy prices and continued weakness in housing. >> the housing market there are still a lot of over hang. house prices fe
economy is doing. >> it should come as no surprise that the u.s. economy is still on shaky ground. yes, things seem to be improving, but not fast enough. >> reporter: for every three steps forward, there seems to be one step back. it's rare to have a consensus about the economic outlook. but surprisingly, most major wall street firms seem to agree that the u.s. economy is growing in fits and starts. >> you'd like to see a little bit more momentum in activity but it's an...
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Mar 10, 2010
03/10
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more of a conventional economy into a green economy. and greece has here great potential because of the sun, the wind, the geothermal energy, but also because we can link this green economy with high-quality products and tourism, green tourism, green agricultural products, mediterranean products are, foot and diet and so on which is supposed to be one of the best in the world. so this is where we're moving. but what happened, of course, is because what was uncovered was we had a huge deficit. >> rose: almost 12%, 13% of your gross... >> that's right, 12.7% of g.d.p. which was double the one which we had expected, or which was announced officially before the elections. and that, of course, made it more difficult for us and jittery in the markets so we had to immediately set up an austerity program, a program which we call in the european union... officially it's called stability and growth program to cut down 4% of the deficit in 2010. and then to get to 3% total deficit by 2012, which is a very harsh and a very ambitious program. >> ros
more of a conventional economy into a green economy. and greece has here great potential because of the sun, the wind, the geothermal energy, but also because we can link this green economy with high-quality products and tourism, green tourism, green agricultural products, mediterranean products are, foot and diet and so on which is supposed to be one of the best in the world. so this is where we're moving. but what happened, of course, is because what was uncovered was we had a huge deficit....
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Nov 13, 2010
11/10
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economy and now china's overheating economy. the dow traded higher in just one session this week ending with a net weekly loss of 251 points or more than 2%. the nasdaq was down in three out of five sessions this week for a net loss of 60 points or almost 2.5%. and the s&p 500 also down 2% losing almost 27 points on the week. material and energy stocks led the way down. investors fear weak demand as china considers raising its interest rates. among the decliners in materials: copper producer freeport mac-moran and fertilizer company c.f. industries in the energy sector anadarko representing the selling there. it could have been worse, but intel helped to stem the selling. shares of the dow component rose 2%. the chip giant is boosting its dividend by 15%, that means the quarterly payout climbs to 18 cents a share, up from 16 and that starts in early 2011. also posting gains: dillards-- the big department store. quarterly profits surged 80% on better inventory management. that meant fewer price cuts heading into the holiday seaso
economy and now china's overheating economy. the dow traded higher in just one session this week ending with a net weekly loss of 251 points or more than 2%. the nasdaq was down in three out of five sessions this week for a net loss of 60 points or almost 2.5%. and the s&p 500 also down 2% losing almost 27 points on the week. material and energy stocks led the way down. investors fear weak demand as china considers raising its interest rates. among the decliners in materials: copper...
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Oct 23, 2010
10/10
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economy. as we continue our coverage, "mid-term 2010-- it's the economy." we bring you two reports. we begin with diane eastabrook in illinois, where the focus is on regaining thousands of lost manufacturing jobs. >> reporter: shuttered factories have become part of the landscape in rust belt states like illinois. in the last two years, the recession has claimed more than 100,000 manufacturing jobs here. job search boot camps are attracting twice as many displaced workers as they did a year ago. some like craig radcliffe want more help from washington. >> i would think that maybe at a time like this you would want to open up to more ideas and not really worry about how many people think you should do this or that. >> reporter: in illinois, jobs and the economy are central issues in the campaign for the u.s. senate where republican congressman mark kirk is running against democratic state treasurer alexi giannoulias. some illinois manufacturers call this election the most important one in decad
economy. as we continue our coverage, "mid-term 2010-- it's the economy." we bring you two reports. we begin with diane eastabrook in illinois, where the focus is on regaining thousands of lost manufacturing jobs. >> reporter: shuttered factories have become part of the landscape in rust belt states like illinois. in the last two years, the recession has claimed more than 100,000 manufacturing jobs here. job search boot camps are attracting twice as many displaced workers as...
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Jun 21, 2011
06/11
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economy. it's "nightly business report" for tuesday, june 21. this is "nightly business report" with susie gharib and tom hudson. "nightly business report" is made possible by: >> tom: good evening and thanks for joining us. a triple-digit rally in blue chip stocks today as u.s. investors were counting on a crucial vote of confidence in the greek government after the market close, susie, and that's how it played out. a short while ago, the greek parliament supported prime minister george papandreou. >> susie: tom, that removes a lot of uncertainty and could set a positive tone for trading here tomorrow. another important factor for investors-- a key meeting of the federal reserve. the central bank kicked off a two-day meeting today and is expected to continue its policy of keeping interest rates near 0%. >> tom: investors will be looking to the fed's statement and tomorrow's news conference with chairman ben bernanke for any subtle hints about where policy is headed. darren gersh reports. >> r
economy. it's "nightly business report" for tuesday, june 21. this is "nightly business report" with susie gharib and tom hudson. "nightly business report" is made possible by: >> tom: good evening and thanks for joining us. a triple-digit rally in blue chip stocks today as u.s. investors were counting on a crucial vote of confidence in the greek government after the market close, susie, and that's how it played out. a short while ago, the greek parliament...
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Apr 21, 2012
04/12
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india is a large economy. but our per-capita income is $1600 is, you know, is nothing compared to the rich world so when you say that you are going very fast, you must also recognize where we are coming from. there is an enormous amount of poverty t there is an enormous amount of inequality so there are big challenges in emerging economies. i can speak for india, where i come from. you know, india has more poor people than the entire continent of africa. and there is so much of aspiration in the last ten years. so the challenge of growth, the challenge of inclusion is enormous. and the government will have to meets to aspirations. >> rose: what was accomplished by the ecb 1.3 trillion commitment? what did it accomplish and is it as many say simply a holding action. >> well, i think the ecb did the right thing. as a conservative central bank they safeguard financial stability in a crucial moment. so that was a very, very important game change for the european scene. i would hope that the ecb feels that they hav
india is a large economy. but our per-capita income is $1600 is, you know, is nothing compared to the rich world so when you say that you are going very fast, you must also recognize where we are coming from. there is an enormous amount of poverty t there is an enormous amount of inequality so there are big challenges in emerging economies. i can speak for india, where i come from. you know, india has more poor people than the entire continent of africa. and there is so much of aspiration in...
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Feb 29, 2012
02/12
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he defended his drive to support the economy. and credit suisse economist dana saporta argues bernanke has plenty of company. >> all major developed countries are being very easy right now because they're concerned that this recovery from the great recession is going to falter otherwise. >> reporter: saporta expects the fed will deliver another boost to the economy. it should come later this year as the economic benefit from good weather fades and higher gas prices hit consumer pockets. but bernanke today gave no hints and showed few worries. >> gasoline prices have moved up, primarily reflecting higher global oil prices-- a development that is likely to push up inflation temporarily while reducing consumer's purchasing power. >> reporter: in case you missed it, the key word there was temporarily. looking at jobs, bernanke called the labor market far from normal, though he said he'd keep a close eye on signs hiring is picking up. but since he was talking to congress, bernanke also pointed out washington could crush the economy if
he defended his drive to support the economy. and credit suisse economist dana saporta argues bernanke has plenty of company. >> all major developed countries are being very easy right now because they're concerned that this recovery from the great recession is going to falter otherwise. >> reporter: saporta expects the fed will deliver another boost to the economy. it should come later this year as the economic benefit from good weather fades and higher gas prices hit consumer...
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Oct 26, 2010
10/10
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they're mad about the economy, and many are mad about big government. the economy part, i get. millions of people have been thrown out of their homes. the unemployment rate, if you count it right, is above 17%. then, there's big government. to most of us, that means bureaucrats, giant buildings in washington, grants to fund public television. well, this kind of non-defense discretionary spending is actually much lower now, as a share of the economy, than it was in the early 1980s. defense spending is down, too. the only part of government that has grown relative to the economy is entitlements, mainly social security and medicare. still, overall federal spending did jump in 2008 and 2009, and we've now got a $1.3 trillion deficit. but the main reason for the deficit may surprise you. imagine that federal spending and revenue had continued growing at their pre-2008 rates- - that is, no financial crisis, bailout, recession, or stimulus. what would the budget picture look like, then? i did the calculations, and actual federal spending in the just-ended fiscal year was $186 billion
they're mad about the economy, and many are mad about big government. the economy part, i get. millions of people have been thrown out of their homes. the unemployment rate, if you count it right, is above 17%. then, there's big government. to most of us, that means bureaucrats, giant buildings in washington, grants to fund public television. well, this kind of non-defense discretionary spending is actually much lower now, as a share of the economy, than it was in the early 1980s. defense...
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4.2K
Jul 31, 2009
07/09
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when will this economy actually recover? >> recovery if an important word to unrstand right now in this ecomic debate. in terms of the actual officls who ll us when recessions begin and when it ends, theyay say there's anconomic recover under wa, but, ain, that' not a technical definition rgely having to do with compents of g.d.p. growth. what rlly matte-- and i think what at the heart of your question-- is when dowe art to see net positive job grow? now we don't have a crystal ball but whate can tell you is the actions that we've taken have helped g us a lot closer to at kind of turnaround than otherwise would be the case. but the stepsthat we're taking are bringi us closer to that day. >>eporter: and there is some concern th the predent's policies, particurly in energy and health care, will beob killers. >> well, i-- i he to pretty strongly disagrewith that. i mean, if there'sanything -- >> rorter: i mean there talkg about small businesses having to spend more money,be less willing toire. they're talking about higher cost
when will this economy actually recover? >> recovery if an important word to unrstand right now in this ecomic debate. in terms of the actual officls who ll us when recessions begin and when it ends, theyay say there's anconomic recover under wa, but, ain, that' not a technical definition rgely having to do with compents of g.d.p. growth. what rlly matte-- and i think what at the heart of your question-- is when dowe art to see net positive job grow? now we don't have a crystal ball but...
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Jul 11, 2012
07/12
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china's red hot economy is cooling, we look at what the slowdown means for u.s. corporate earnings, and the global economy. >> susie: and one company is making a big push into china, marriott international, a look at its latest earnings and strategy. >> tom: that and more tonight on "n.b.r.!" >> tom: markets were clearly disappointed today the federal reserve does not seem ready to act right away to boost the economy. minutes from the fed's june meeting show only a few policy makers wanted to expand a bond buying program known as quantitative easing to lower interest rates and boost the economy. but as darren gersh reports this is now really a question of timing. >> reporter: the fed was not willing to give markets an immediate monetary fix, but the latest readings from its policy making committee show a couple more lukewarm reports on the labor market might change that. >> and if these employment reports are still weak like this last one, i think a strong case could be made for the fed to expand its balance sheet and try to support the economy more. so, at that
china's red hot economy is cooling, we look at what the slowdown means for u.s. corporate earnings, and the global economy. >> susie: and one company is making a big push into china, marriott international, a look at its latest earnings and strategy. >> tom: that and more tonight on "n.b.r.!" >> tom: markets were clearly disappointed today the federal reserve does not seem ready to act right away to boost the economy. minutes from the fed's june meeting show only a...
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Jan 27, 2012
01/12
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which in turn would probably help some of the southern european economies, or the peripheral economies. without that, you have this problem. >> susie: talk about the peripheral economies there is greece. there was a lot of talk about the debt crisis in greece and speculation that a deal with greece's creditors might be reached this weekend. how realistic is that? >> i think, you know, let's put it this way. i think everybody's hopeful there is an agreement. but the issue is, even if you get the agreement, it's a 50% haircut that's been discussed. the debate has been over the size of the interest rates that are paid out. but even if you get this deal done and you reduce the debt, you're only going to take greece's debt down to 120% of gdp by 2020. that's to the going to resolve the issue. so i think if they get the deal done, utility have a big problem with greece going forward. >> susie: as tom mentioned a moment ago, fitch ratings cut the ratings on a couple of countries including italy and spain. are these the new-- the next ones in the crisis limelight? how worried should we be abou
which in turn would probably help some of the southern european economies, or the peripheral economies. without that, you have this problem. >> susie: talk about the peripheral economies there is greece. there was a lot of talk about the debt crisis in greece and speculation that a deal with greece's creditors might be reached this weekend. how realistic is that? >> i think, you know, let's put it this way. i think everybody's hopeful there is an agreement. but the issue is, even if...
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Aug 2, 2010
08/10
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while i think the chinese has a great economy and will grow and be a large economy we still have the biggest economy in the world now and probably will for quite some time. we have the large largest r & d expenditures of any place in the world by far. >> rose: but is that changing in an exponential way in the terms of the amount of money spent, percentage, on r & d? >> we have the largest amount. obviously, other countries are yous with the capital they now have spending a larger percentage than we are but for a long time we're going to be the most creative place in the world with r & d. >> rose: what makes us the most creative place in the world? we have more scientists and people who are creative. >> we have the finest university system in the world, bar none. our private universities are the envy of the world. we have the best rule of law, best constitution-- >> rose: best transparency. >> best regulatory markets. the most stable government in the world. we have many great things. we just have to recognize the economy is not quite as strong as it once was. >> rose: here's what i w
while i think the chinese has a great economy and will grow and be a large economy we still have the biggest economy in the world now and probably will for quite some time. we have the large largest r & d expenditures of any place in the world by far. >> rose: but is that changing in an exponential way in the terms of the amount of money spent, percentage, on r & d? >> we have the largest amount. obviously, other countries are yous with the capital they now have spending a...
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134
Aug 5, 2010
08/10
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economy. manufacturing jobs have continued their decades-long decline thanks to increased competition from overseas. meanwhile the government finds its hands tied by the growing deficit and declining approval ratings. president obama spoke about the challenges ahead in the remarks to the afl-o executive council meeting in washington, today. >> it took us nearly a decade to dig ourselves into the hole that we're in. it's going to take a lot longer than any of us would like to climb out of that hole and i would be lying to you if i thought that all these changes are going to be happening overnight. we've still into the some tough times ahead and your members obviously are bearing the brunt of a lot of those tough times but here's what we're not going to do. we're not going to go back to digging the hole. we're not going to go back to the policies that took bill clinton's surplus and in eight years turned it into record deficits. we're not going back -- we're not going back to policies tasaw peop
economy. manufacturing jobs have continued their decades-long decline thanks to increased competition from overseas. meanwhile the government finds its hands tied by the growing deficit and declining approval ratings. president obama spoke about the challenges ahead in the remarks to the afl-o executive council meeting in washington, today. >> it took us nearly a decade to dig ourselves into the hole that we're in. it's going to take a lot longer than any of us would like to climb out of...
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Jun 22, 2010
06/10
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i think the american economy is the largest economy in the world. it's very important for russia. >> rose: there is also this: the impression of mr. medvedev. in the beginning it was the sense that he was the appointee almost of the prime minister because he'd been the previous president and he was the all-powerful figure in russia. he seems to be emerging on his own. characterize him for us. >> well, i think both mr. putin and mr. medvedev are quite sincere when they were talking about their plans for 2012 when they talk about their relation ship they are really on very good terms for many years and they're really now separated , their responsibilities. mr. medvedev is, as the president, responsible for... primary lay for such things as international politics, policy, defense and so on and so forth. and mr. putin is very much focused on the economy. he's traveling nearly everyday to different parts of russia meeting businessmen, meeting people in the factories. so he's really very much involved in the government activity. so i think it's a good sep
i think the american economy is the largest economy in the world. it's very important for russia. >> rose: there is also this: the impression of mr. medvedev. in the beginning it was the sense that he was the appointee almost of the prime minister because he'd been the previous president and he was the all-powerful figure in russia. he seems to be emerging on his own. characterize him for us. >> well, i think both mr. putin and mr. medvedev are quite sincere when they were talking...
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Oct 29, 2009
10/09
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>> paul: the economy is shing strong signsf life! the latest take on america productionf goods and serves came in strong than expected. that gave investors on wal street reason toheer and to sendhe dow up 200 points. >> susie: another ke on healthcare reform, this time from democrats in thhouse and this time it comes with a blic insurance opon. it also comewith a price tag me people say could be too high. >> paul: motorola isn the comeback til. the company postprofits in the third quarter and gets gd reviews for itnew smartphones. >> susie: and it's an ecomic story that aects all of us all over the world. it's the story of climatchange and we begin to tell it night in our series "the climate economy". >> paul: i paul kangas. >>usie: and i'm susie gharib. this is "nightly biness report" fothursday, october 29. "nightly business repo" is made poible by: this program was made ssible by conibutions to your pbs station from viewers le you. thank u. captioning sponsoredy wpbt susie: good evening everyon a home run for investorsoday on sign
>> paul: the economy is shing strong signsf life! the latest take on america productionf goods and serves came in strong than expected. that gave investors on wal street reason toheer and to sendhe dow up 200 points. >> susie: another ke on healthcare reform, this time from democrats in thhouse and this time it comes with a blic insurance opon. it also comewith a price tag me people say could be too high. >> paul: motorola isn the comeback til. the company postprofits in the...
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Apr 20, 2012
04/12
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the european economy is in recession, the u.s. economy is slowing down. if that is perception, what is your reality? >> i think what's interesting is we see perception move around quite a bit. you don't have to go back that far to late last summer, when perception was have, very poor. subsequently improved a little bit, we've seen equitieseraly and now we're stalling out a little bit coming back to the the realization that things are relatively modest or slower growth in the u.s. and, yes, europe still has some tremendous challenges. >> tom: do you think we're seeing a repeat this spring of last spring and that could mean significantly lower stock prices. >> i think it's important, also, to recognize and acknowledge that we actually have made quite a bit of progress as well. so-- and over the subsequent period of time, countries have continued to perform very well. profits have stayed relatively high. balance sheets continue to improve. so while, yes, challenges still exist, we are make progress. we are seeing some improvement in the economy and corporate
the european economy is in recession, the u.s. economy is slowing down. if that is perception, what is your reality? >> i think what's interesting is we see perception move around quite a bit. you don't have to go back that far to late last summer, when perception was have, very poor. subsequently improved a little bit, we've seen equitieseraly and now we're stalling out a little bit coming back to the the realization that things are relatively modest or slower growth in the u.s. and,...
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Oct 8, 2012
10/12
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so i want to know what the global economy is doing. i want to know what the u.s. economy is doing. in my mind, we're going to be in this modest growth, modest inflation environment for a while. i mean at least through 2013. but i think it is going to be positive. i think the types of sectors that we're looking at are the ones that are really going it to be sensitive to a continuation of that. so we like materials. even though materials haven't done very well i think looking ahead they will. technology, consumer discretionary sector looks good. so we think that the sect leg in the cyclical bull market started with those october 2011 lows. i've been telling our clients, hey, any opportunity you have whether it's a pullback, valuations are not expensive, you want to make sure that you are invested here because the economy is going to cope growing at least through 2014, i think. i think the market has got some upside here. >> we're going to have to leave there. a lot of good information. thanks so much, scott, scott wren, senior equity strategist at wells fargo advisors. and as we ment
so i want to know what the global economy is doing. i want to know what the u.s. economy is doing. in my mind, we're going to be in this modest growth, modest inflation environment for a while. i mean at least through 2013. but i think it is going to be positive. i think the types of sectors that we're looking at are the ones that are really going it to be sensitive to a continuation of that. so we like materials. even though materials haven't done very well i think looking ahead they will....
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May 19, 2011
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and all that has an impact on the global economy. thank you so much scott for coming on the program tonight. >> thank you very much. >> susie: we've been speaking with scott macdonald, head of economic research at aladdin capital. >> tom: president obama today laid out his vision for the middle east. the most controversial call-- for israel to return to its 1967 borders in exchange for peace. the president also wants to give the region an economic boost, saying the best way to bring democracy is to bring prosperity. darren gersh reports. >> reporter: the arab spring was not just a political revolution; the president says the protests across the region were also driven by people concerned about putting food on their tables. that economic concern will have to be addressed, the president says, if the transition to democracy in the middle east is to succeed. >> we think it's important to focus on trade, not just aid; on investment, not just assistance. the goal must be a model in which protectionism gives way to openness, the reins of co
and all that has an impact on the global economy. thank you so much scott for coming on the program tonight. >> thank you very much. >> susie: we've been speaking with scott macdonald, head of economic research at aladdin capital. >> tom: president obama today laid out his vision for the middle east. the most controversial call-- for israel to return to its 1967 borders in exchange for peace. the president also wants to give the region an economic boost, saying the best way to...
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Feb 22, 2013
02/13
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is it, to the economy? >> well, first of all, it's substantial to the people affected, no question about that. in terms of its impact on the economy, we recently did a study that suggested if the sequester goes into full effect march 1, want impact will be to knock .6% off of growth this year. that is if we thought the economy was going to grow at about 2.6% without the sequester, that will be reduced to 2% with the sequester. >> tom: for this year, we're talking $85 billion potentially taken out of the growth of government spending between march 1 and the end of september and a $4 trillion budget. proportionally for median household income that's the equivalent of $1,000 out of a $50,000 income being taken out. how can that impact economy so much? >> well, it's-- it amounts to something like an 8% cut in the level of government services, other kinds of government expenditures, and at the margin, that's enough to have a noticeable impact on economic growth. now, remember, it's 80-odd-billion over the second
is it, to the economy? >> well, first of all, it's substantial to the people affected, no question about that. in terms of its impact on the economy, we recently did a study that suggested if the sequester goes into full effect march 1, want impact will be to knock .6% off of growth this year. that is if we thought the economy was going to grow at about 2.6% without the sequester, that will be reduced to 2% with the sequester. >> tom: for this year, we're talking $85 billion...
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Aug 4, 2012
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it was nice to have good news on the economy. they do a survey on households an fewer people said they had jobs so that's why the unemployment rate went up. the first number is a better signal of where the economy is compared to last month but the unemployment rate is so high that it just -- think of it this way, there are 12.8 million people out of work. they're still looking for work. that's as many people that live in the state of pennsylvania which is our sixth largest state. there's no way the economy is healthy. gwen: what's that about? >> i think there was a sigh of relieves leif on the markets. people were afraid we were going have another recession. the stock market higher than any time since may. it wasn't good enough news to make the federal reserve relaxed. if you read what all the economists are saying, they're pretty pessimistic about the rest of the year. and there are two reasons. one is -- it was a year ago this time of year last year that u.s. government debt was down graded by standard and poors because congres
it was nice to have good news on the economy. they do a survey on households an fewer people said they had jobs so that's why the unemployment rate went up. the first number is a better signal of where the economy is compared to last month but the unemployment rate is so high that it just -- think of it this way, there are 12.8 million people out of work. they're still looking for work. that's as many people that live in the state of pennsylvania which is our sixth largest state. there's no way...
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Dec 7, 2010
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economy and you. you're watching "nightly business report" for tuesday, december 7. this is "nightly business report" with susie gharib and tom hudson. "nightly business report" is made possible by: this program is made possible by contributions to your pbs station from viewers like you. thank you. captioning sponsored by wpbt >> tom: good evening and thanks for joining us. america's new tax cut plan was the hot topic today, susie. from lawmakers in washington to market traders and working families across the country, people were debating whether the tax cuts will kick start the economy. >> susie: tom, the president defended his compromise with republican lawmakers, calling it real money for real people. but others weren't sold on the plan. they're worried it costs too much or gives too much to the wealthy. >> tom: so what is the bottom line impact on the economy? darren gersh takes a look. >> reporter: a rough estimate by economists is that the agreement the president struck with republicans will boost growth next year somewhere between one half and one full percent
economy and you. you're watching "nightly business report" for tuesday, december 7. this is "nightly business report" with susie gharib and tom hudson. "nightly business report" is made possible by: this program is made possible by contributions to your pbs station from viewers like you. thank you. captioning sponsored by wpbt >> tom: good evening and thanks for joining us. america's new tax cut plan was the hot topic today, susie. from lawmakers in...
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May 5, 2012
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gwen: is this going to be all about the economy? >> i know at one point peter said it was about foreign policy this week. but what's it going to be about in these states? >> both parties very much believe that overwhelmingly it will be abt the economy and jobs. that doesn't mean other things won't be talked about. but at the end of the day, that is by far the biggest issue. and you've got to remember -- we think of these campaigns as big national campaigns, but they really -- there's only a handful of states, maybe a dozen at the most. in those states you're only looking at the number of truly persuadeable voters, the swing independents. there's not that many. so you're focusing on those types of voters and they tend not to be nled logical, they tend to --ed in logical, they tend to look for -- >> bread and butter. >> yeah. >> what he said. >> isn't it true that when you ask about foreign policy, the polls show the president has an enormous advantage. >> well, but do people vote on that? >> and can you swing them over to talk about
gwen: is this going to be all about the economy? >> i know at one point peter said it was about foreign policy this week. but what's it going to be about in these states? >> both parties very much believe that overwhelmingly it will be abt the economy and jobs. that doesn't mean other things won't be talked about. but at the end of the day, that is by far the biggest issue. and you've got to remember -- we think of these campaigns as big national campaigns, but they really --...
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May 19, 2010
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the economy clearly in tough state. the unemployment rate over 12% and personal income has been dropping. the budget cuts and tax hikes that are likely going to be necessary for the largest state's economy, is that going to impact the ability to repay? >> no, i don't think so. one of the interesting positives about california's situation is that legally, debt service -- the repayment ofñr principle interest is the second top priority item. after the state has to pay required payments for education, that's about 40%, 50% of the budget. the remaining amount of the budget is now allocated or at least is there to pay debt service. debt service rnts own 6%, 7% of the budget. >> tom: paul, any disclosures with the nuveen limited unibond fund? >> other than i am an owner of shares. >> tom: paul, we appreciate the insights into california. our guest this evening, paul brennan, portfolio manager at nuveen investments. >> susie: we'll get weekly jobless claims and the leading indicators for april. also tomorrow, toyota's massive
the economy clearly in tough state. the unemployment rate over 12% and personal income has been dropping. the budget cuts and tax hikes that are likely going to be necessary for the largest state's economy, is that going to impact the ability to repay? >> no, i don't think so. one of the interesting positives about california's situation is that legally, debt service -- the repayment ofñr principle interest is the second top priority item. after the state has to pay required payments for...
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Nov 8, 2012
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economy, economists worry that, as the global economy slows down, u.s. exports may follow suit. hurricane sandy showed up in the latest report on jobless claims, making them artificially low. initial claims for unemployment benefits dropped by 8,000 to a seasonally adjusted 355,000 at the end of last week. the number is expected to be revised higher as more data is collected. the labor department says one state filed fewer claims because of power outages, while the storm boosted claims in other states where more people looking for relief. later in the program, we'll look at sandy's impact on retailers. >> tom: the biggest bank in america has the okay now from uncle sam to pay back shareholders. jpmorgan will be allowed to restart a stock buyback plan early next year. like all systemically important banks jpmorgan has to get regulatory approval to change its dividend or stock-repurchase plan. the regulators want banks toncnl firepower to withstand troubled times before the banks will spend money on share holders. jpmorgan's buyback strategy was suspended this year after it lost $
economy, economists worry that, as the global economy slows down, u.s. exports may follow suit. hurricane sandy showed up in the latest report on jobless claims, making them artificially low. initial claims for unemployment benefits dropped by 8,000 to a seasonally adjusted 355,000 at the end of last week. the number is expected to be revised higher as more data is collected. the labor department says one state filed fewer claims because of power outages, while the storm boosted claims in other...
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May 17, 2012
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suggested a slowing of the economy. you have repeatedly said you see the economy growing, healing, but do these numbers suggest otherwise? >> i think the economy is gradually getting stronger. a lot of challenges ahead but most measures of the economy we can all look at and see everyday that suggests gradual continual strengthening but we face some risks and uncertainty, not in the least from europe now. >> are you sure about that? most people don't seem to see that. i see a new poll by the quinnipiac group, a survey, it said more than two-thirds of americans believe we're still a recession. more than 40% think they're financially worse off than they were four years ago. they don't seem to see the improvement. >> it's a very tough economy. think of what the country was through and you're still seeing a huge amount of damage and that had deep lasting scars on the basic confidence of americans but everything we can see and feel in the economy supports this picture of gradual continued strengthening. the economy has been g
suggested a slowing of the economy. you have repeatedly said you see the economy growing, healing, but do these numbers suggest otherwise? >> i think the economy is gradually getting stronger. a lot of challenges ahead but most measures of the economy we can all look at and see everyday that suggests gradual continual strengthening but we face some risks and uncertainty, not in the least from europe now. >> are you sure about that? most people don't seem to see that. i see a new...
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Sep 15, 2010
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economy. >> charlie: what are you say something. >> in addition to the structural. >> charlie: what can the president do? >> well, i mean there are.... >> charlie: or what can the congress do? or what can the private sector do? >> i think there are some limited steps that the federal government can take but that one of the things that has to happen at this point is we just need to get into a different equilibrium or a different set of expectations. we're stuck in this slow growth phenomenon. firms are investing very substantially, for example, in computers so equipment and software investment is booming. >> charlie: they're not building new plants. >> but they're not building new plants or hiring workers. the question is how do you address that longer-term risk aversion? i personally think, even though you don't see it in bond rates right now, i personally think that addressing our medium-term fiscal problem would help a bit because it resolves some of the uncertainty facing the economy. there
economy. >> charlie: what are you say something. >> in addition to the structural. >> charlie: what can the president do? >> well, i mean there are.... >> charlie: or what can the congress do? or what can the private sector do? >> i think there are some limited steps that the federal government can take but that one of the things that has to happen at this point is we just need to get into a different equilibrium or a different set of expectations. we're...
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Jul 25, 2012
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economy? we talk with former fed vice chair alan blinder. >> susie: and the nation's airlines look to raise ticket prices. bad news for passengers, but will it help profits? >> tom: that and more tonight on "n.b.r."! we begin with some tough questions today for treasury secretary timothy geithner about the bank interest rate-fixing scandal. in 2008, geithner was head of the new york federal reserve. he sounded an early warning with british and u.s. regulators about weaknesses in the bank-to- bank lending rate known as libor. it's a key global interest rate and one which traders and banks are accused of manipulating. darren gersh reports members of congress aren't convinced geithner did enough. >> reporter: back in the spring of 2008, geithner says he sent a detailed memo to the bank of england warning that it needed to reform the way british bankers came up with the libor rate. >> we were aware of the risk that the way this was designed created not just the incentive for banks to under-report,
economy? we talk with former fed vice chair alan blinder. >> susie: and the nation's airlines look to raise ticket prices. bad news for passengers, but will it help profits? >> tom: that and more tonight on "n.b.r."! we begin with some tough questions today for treasury secretary timothy geithner about the bank interest rate-fixing scandal. in 2008, geithner was head of the new york federal reserve. he sounded an early warning with british and u.s. regulators about...
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Sep 12, 2012
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we're now in an integrated economy, an economy that includes europe and its eurozone problems, an economy that includes china and india, with low wages but they're busy creating wealth to bring more people up out of poverty. so we have to realize we're now in an international economic system, and as the president and others on the republican side have been saying in recent days, we could really be hurt and go to the edge again if the eurozone starts to have significant problems, and if spain and greece and ireland and some of the other countries of europe aren't able to get their economy going. we can be in trouble if china was not able to keep its economy going. so we have to look at the whole thing as an international problem and not just a national problem for americans. but working hard is a great ethic for all of us to have, and i was saying to my wife the other night i think every 17- year-old kid should get a menial job somewhere mopping a floor, doing something they don't like, and they'd realize right away that they'd better get their education and prepare themselves for a higher
we're now in an integrated economy, an economy that includes europe and its eurozone problems, an economy that includes china and india, with low wages but they're busy creating wealth to bring more people up out of poverty. so we have to realize we're now in an international economic system, and as the president and others on the republican side have been saying in recent days, we could really be hurt and go to the edge again if the eurozone starts to have significant problems, and if spain...
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Aug 6, 2011
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>> will the economy since the obama presidency? >> we are redoubling our efforts to focus on what matters most, how to put people back to work. >> what is the future of the tea party? >> did tea party take the town hostage? >> we forced the town to have an adult conversation about spending. they would not have done it without the tea party. captioned by the national captioning institute --www.ncicap.org-- >> well, how about that? at the last moment, congress went over the finish line and the nation avoided the first default in its history. on thursday, the stock market took its biggest nose dive in years. there are serious global concerns as well. for the record, according to the latest "new york times"-cbs news poll, 82% of americans think congress is doing a lousy job. >> you have got to give me a reason to buy something. >> investors in general are worried we are headed for recession and they want to get out while it is good. >> there is not much washington can do right now, and even if there was, there's not much trust. >> evan
>> will the economy since the obama presidency? >> we are redoubling our efforts to focus on what matters most, how to put people back to work. >> what is the future of the tea party? >> did tea party take the town hostage? >> we forced the town to have an adult conversation about spending. they would not have done it without the tea party. captioned by the national captioning institute --www.ncicap.org-- >> well, how about that? at the last moment, congress...
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Apr 7, 2012
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it certainly speaks to the economy. >> well, sure. it's obvious as jackie said that he said more than he intended to say. and that's always difficult, just like the open mic. when you have to explain, what i meant was, you're never in good shape. it is one of the hot button issues. the president is very frustrated that he got health care reform through. and it has a lot of elements that people say they want. but as a whole, the package is not very popular. and he is stuck with health care reform. i think the white house bets that it will be hard to make it an issue in the general election if the opponent is mitt romney who basically did something very similar in massachusetts. but it goes to the -- it goes to all these issues about economic security, about taxes, about whether we're going to have more jobs, that the republicans paint this as a job killer, it's going to be very difficult for the president to fight back. >> i'm also not sure how wise it is to be running against the supreme court. we in washington, i think, probably thin
it certainly speaks to the economy. >> well, sure. it's obvious as jackie said that he said more than he intended to say. and that's always difficult, just like the open mic. when you have to explain, what i meant was, you're never in good shape. it is one of the hot button issues. the president is very frustrated that he got health care reform through. and it has a lot of elements that people say they want. but as a whole, the package is not very popular. and he is stuck with health care...
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Jan 29, 2011
01/11
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economy has moved from recovery to expansion. but what about the global economy? erika miller has an update. >> reporter: a pick up in u.s. consumer spending is moving beyond our borders, improving the outlook for the global economy. the i.m.f. recently raised its forecast for world economic growth to nearly 4.5% this year with a slight improvement next year. developed nations like the u.s. are expected to post just small gains. instead, the i.m.f. says the big winners will be asia and other emerging markets. economist david wyss sees one major reason developing countries are growing so quickly. >> a lot of the developing nations are commodities exporters. commodity prices have been very strong. they went down a bit during the recession, but they've bounced back. and therefore they're doing fine. >> reporter: but there are some risks that could threaten the global recovery. one is the return of panic about european debt loads. economist bob brusca says another concern is political instability in the middle east. >> it has reared its ugly head again. and it's alway
economy has moved from recovery to expansion. but what about the global economy? erika miller has an update. >> reporter: a pick up in u.s. consumer spending is moving beyond our borders, improving the outlook for the global economy. the i.m.f. recently raised its forecast for world economic growth to nearly 4.5% this year with a slight improvement next year. developed nations like the u.s. are expected to post just small gains. instead, the i.m.f. says the big winners will be asia and...
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Apr 24, 2011
04/11
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the economy was a disaster. that i think really hard on people's egos and people internalized come up with individual explanations or cultural explanations about feminism but comes down to whether people have the opportunity to see a path for them sefs to make money, to have health insurance, to raise their own family and right now there's a tremendous amount of economic anxiety. >> she's wrong when she blames feminism. she has insights. important insights. you cannot expect to change the roles of help and women for the first time in human history and not have both sexes affected. we're only now beginning to look closely at how they are affected when the economy clicks in to it as well and then have harder time earning a living. but think how distinct the male role was for my grandfather or even my father. my mother worked, she was black, her entire life, she was a teacher, men worked, women if they had to worked. many women had to. but the role of a man and the role of a woman was defined in the same way genera
the economy was a disaster. that i think really hard on people's egos and people internalized come up with individual explanations or cultural explanations about feminism but comes down to whether people have the opportunity to see a path for them sefs to make money, to have health insurance, to raise their own family and right now there's a tremendous amount of economic anxiety. >> she's wrong when she blames feminism. she has insights. important insights. you cannot expect to change the...
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Jun 9, 2011
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economy. let's first assume the economy will be in "slow mo" for the next several months. against that backdrop, market strategist nick colas says stock investors need to play it safe. >> so, you want to be more conservative and look for things that have steadier dividends, for example, steadier earnings and cash flow streams, and are less reliant on the economy as a whole. >> suzanne: for colas, that means consumer staples and utilities. both sectors have stable demand no matter what the economy is doing, and they often pay nice dividends. on a year-to-date basis, consumer staples and utilities are already doing pretty well, and so are health care and energy stocks. investment strategist sam stovall thinks the market will be choppy in the next few months, but he says long-term investors can still make money. >> if you're looking for a sector play and you're looking 12 months down the road, we would focus on the later cycle performers because we don't think we're headed into a new recession. >
economy. let's first assume the economy will be in "slow mo" for the next several months. against that backdrop, market strategist nick colas says stock investors need to play it safe. >> so, you want to be more conservative and look for things that have steadier dividends, for example, steadier earnings and cash flow streams, and are less reliant on the economy as a whole. >> suzanne: for colas, that means consumer staples and utilities. both sectors have stable demand no...
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Apr 27, 2012
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things like economies are not just ecosystem milk, they actually are ecosystems and one you .. and there is just a tidal wave of new science, you know, basically since the 1970's, 1980s that helps us understand the system, the complex, adaptive and eco, systemic and once you understand an economy is an ecosystem then you have to decide, what type of he zero co, ecosystem would we like it to be, a jungle or a garden? and that's where the metaphor comes from. >> i think your point about this shaped so much of what we understand to be possible in politics, the .. economy is a case in point right now, what is dominant right now, whether a democrat or republican, frankly is a picture of the universe, the economic universe that puts a tiny number of wealthy people at the center and in an economy revolves around them and they are the job creators from them flows process officer at this, right? you can shorthand that asteriskable down economics and although it is easy to criticize it it actually has not as a cross molg been displaced and what we try to argue for in this book is that, i
things like economies are not just ecosystem milk, they actually are ecosystems and one you .. and there is just a tidal wave of new science, you know, basically since the 1970's, 1980s that helps us understand the system, the complex, adaptive and eco, systemic and once you understand an economy is an ecosystem then you have to decide, what type of he zero co, ecosystem would we like it to be, a jungle or a garden? and that's where the metaphor comes from. >> i think your point about...
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Aug 4, 2011
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. >> the economy is tough right now, everywhere. >> we pumped $21 million into local economies, into small businesses, communities, equipment, materials. >> that money could make a big difference to a lot of people. >> and by the bill and melinda gates foundation. dedicated to the idea that all people deserve the chance to live a healthy productive life. and with the ongoing support of these institutions and foundations. and... this program was made possible by the corporation for public broadcasting. and by contributions to your pbs station from viewers like you. thank you. exchange. >> woodruff: the stock market finished its worst day since the financial crisis began, with the dow falling more than 500 points. investors are increasingly concerned about the possibility of another recession in the u.s. and an expanding debt crisis in europe. the dow jones industrial average dropped nearly 513 points this afternoon to close above 11,383. it is now down more than 1,200 points just since july 21. the nasdaq fell 137 points to close at 2,556. twenty stocks fell for every one that rose on
. >> the economy is tough right now, everywhere. >> we pumped $21 million into local economies, into small businesses, communities, equipment, materials. >> that money could make a big difference to a lot of people. >> and by the bill and melinda gates foundation. dedicated to the idea that all people deserve the chance to live a healthy productive life. and with the ongoing support of these institutions and foundations. and... this program was made possible by the...
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Mar 1, 2010
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chile's economy has certainly been hurt by the world recessions. unemployment is up and productivity is down. but if you pick up a newspaper, you won't read about bank bailouts or wide-spread layoffs or massive stimulus spending plans which no one's sure how to pay for. that's because a few years a2 when copper prices were exploding, the government chose to squirrel away part of the proceeds, saving for a rainy day. so when it rained last year and world economies fell apart, they were ready. >> what we have done in chile is not very different from what any reasonable household would do. >> reporter: andre velasco is chile's finance minister. >> if you're chugging along with one level of income and suddenly you get an extra bit of money, you ask yourself, will this repeat itself? if you think that there's a good chance that it will be transitory, then you take a good chunk of it, you put it aside, you invest it, and you spend it slowly over time. understanding that the good times may not last. >> reporter: now drawing on its so-called copper bonanza
chile's economy has certainly been hurt by the world recessions. unemployment is up and productivity is down. but if you pick up a newspaper, you won't read about bank bailouts or wide-spread layoffs or massive stimulus spending plans which no one's sure how to pay for. that's because a few years a2 when copper prices were exploding, the government chose to squirrel away part of the proceeds, saving for a rainy day. so when it rained last year and world economies fell apart, they were ready....
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Aug 17, 2010
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it's not going to be quite that easy. >> rose: the chinese economy and the japanese economy together is not as large as the american economy, correct? >> absolutely. >> this is something i think we have discussed in the past, charlie, and it runs through both of the comments you've heard here, which is that of all the places i've seen around the world, there's no other place where so many contradictory things seem simultaneously true as in china. where it's tremendously successful and tremendously challenged and tremendously rich and still twice as many poor people as we have people in the united states and putting so much money into green technology and still having these terrible, terrible environmental problems. and so almost any future is imaginable for china. you have to give them the benefit of the doubt that they'll keep avoiding the next emergency as they have for the past 20 or 30 years, but there is a long list of emergencies their leaders need to deal with, the shift from global to domestic demand and trying to move up the value chain. most of their success so far has been
it's not going to be quite that easy. >> rose: the chinese economy and the japanese economy together is not as large as the american economy, correct? >> absolutely. >> this is something i think we have discussed in the past, charlie, and it runs through both of the comments you've heard here, which is that of all the places i've seen around the world, there's no other place where so many contradictory things seem simultaneously true as in china. where it's tremendously...
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Aug 17, 2010
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second-largest economy in the world, we talk with jim fallows and stephen roach about its economy and its political future. >> there's a crucial point that was made to me by some chinese officials when i was there about two years ago. it stuck in my mind since then. the officials said whenever people outside china think of the country, they think of everything multiplied by 1.3 billion. he said, we have to think of everything divided by 1.3 billion. our national output, jobs, land, resources and all the rest. so it's a challenge still ahead of them. >> for the last 30 years as china has focused on exports and investment, the consumer society has been left behind. private consumption as a share of chinese g.d.p. is only about 36%, literally half that of the united states. over the next five to ten years, that share has got to move up. and with a consumer society comes more a free and open communication, freedom of choice aspirational values, upward mobility. it's hard to accomplish those aspirational goals without a more open and free political system. >> rose: we continue with the sto
second-largest economy in the world, we talk with jim fallows and stephen roach about its economy and its political future. >> there's a crucial point that was made to me by some chinese officials when i was there about two years ago. it stuck in my mind since then. the officials said whenever people outside china think of the country, they think of everything multiplied by 1.3 billion. he said, we have to think of everything divided by 1.3 billion. our national output, jobs, land,...
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Sep 11, 2010
09/10
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over the economy. >> the policies that the republicans have offer -- are offering right now are the exact policies that got us into this mess. >> i think it just shows how out of touch the white house is. the american people are asking the question, where are the jobs? >> over the coming midterm election. >> what i'm going to remind the american people of is the policies that we have put in place have moved us in the right direction. >> no apologies for opposing the stimulus, no apologies for opposing the health care. no apologies for opposing what they call the wall street bill. gwen: and a sensational and distracting threat from an obscure florida pastor. >> we are simply burning a book. >> it doesn't in any way represent america or americans or american government or american religious or political leadership. >> we have to make sure that we don't start turning on each other. gwen: we'll put the roller coaster week in context with jackie calmes of "the new york times," david wessel of "the wall street journal" and michael duffy of "time" magazine. >> award-winning reporting and analysi
over the economy. >> the policies that the republicans have offer -- are offering right now are the exact policies that got us into this mess. >> i think it just shows how out of touch the white house is. the american people are asking the question, where are the jobs? >> over the coming midterm election. >> what i'm going to remind the american people of is the policies that we have put in place have moved us in the right direction. >> no apologies for opposing...
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Oct 4, 2011
10/11
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economy today. speaking to lawmakers on capitol hill today, "sluggish" and "slow" were two words he used to describe economic conditions. >> susie: the federal reserve chairman promised that the central bank will be ready to act, if necessary. but he called on congress to do its part to help the economy, specifically coming up with a long-term deficit reduction plan. >> tom: bernanke admitted u.s. policy makers face tough economic choices, but added those choices cannot be "postponed." darren gersh reports. >> reporter: the key part of federal reserve chairman ben bernanke's message today came when he was asked about the impact of operation twist, the fed's program to bring down long-term interest rates. >> i think it'll help somewhat on job creation and growth. it'll be particularly important now that the economy is close... the recovery is close to faltering. we want to make sure that the recovery continues and doesn't drop back. >> reporter: "close to faltering" is not something you want to hear
economy today. speaking to lawmakers on capitol hill today, "sluggish" and "slow" were two words he used to describe economic conditions. >> susie: the federal reserve chairman promised that the central bank will be ready to act, if necessary. but he called on congress to do its part to help the economy, specifically coming up with a long-term deficit reduction plan. >> tom: bernanke admitted u.s. policy makers face tough economic choices, but added those choices...
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May 4, 2012
05/12
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we're seeing a stumble and not a fall in the economy. and that should lead to higher equity prices toward the end of the year if not sooner. >> tom: looking at a more stable relative environment for you as investors, comcast, cmcsa, well-known or its media properties just picked up, is trading close to out highest price. what's to push values higher? >> well, i think that expectation that people are going to be able to afford cable and they'll avail themselves of entertainment for a longer period of time be they had feared a few months ago. you've seen a pronounced rally already in comcast, we think there's more to go. >> tom: you also like microsoft. obviously software and technology, built of an entertainment play though, nice 2.5 dividend yield for this tech giant. a lot of folks like this stock because of the upcoming windows release. are you among them? >> yes, we're among them, and if you look at the common theme in a lot of the names that we like or that our managers like are really kind of industry leaders, they've got high franc
we're seeing a stumble and not a fall in the economy. and that should lead to higher equity prices toward the end of the year if not sooner. >> tom: looking at a more stable relative environment for you as investors, comcast, cmcsa, well-known or its media properties just picked up, is trading close to out highest price. what's to push values higher? >> well, i think that expectation that people are going to be able to afford cable and they'll avail themselves of entertainment for a...
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50
Feb 20, 2013
02/13
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how much longer should the federal reserve continue to stimulate the economy? that question was intensely debated at the central bank's policy meeting in january according to the minutes released today. stocks sold off on that news, as investors worry the fed might taper off its stimulus program, sooner than expected, and before its goal of seeing a big pick up in the job market. the fed has been buying $85 billion of mortgage backed securities and treasuries every month to pump up the economy. here's what those fed minutes revealed: "many" policymakers voiced concerns about "potential costs and risks" from more bond buying. others said that the easy-money policies might encourage "excessive risk-taking" and that could have "adverse consequences for financial stability" policymakers also noted positive developments in the economy, as b reesmoinarusse more businesses are optimistic about the economic outlook. nervousness about hes d'tfe nexe dow lost 108 points, closing below the 14,000 level. the nasdaq was down about 50, the s&p lost 19 points. >> tom: before
how much longer should the federal reserve continue to stimulate the economy? that question was intensely debated at the central bank's policy meeting in january according to the minutes released today. stocks sold off on that news, as investors worry the fed might taper off its stimulus program, sooner than expected, and before its goal of seeing a big pick up in the job market. the fed has been buying $85 billion of mortgage backed securities and treasuries every month to pump up the economy....